Max Resource Corp (TSXV: MXR) announced a significant development this morning, in that the AGH University of Science and Technology in Krakow, Poland will be conducting a study of the sediment-hosted copper-silver mineralization of Max’s Cesar project, which is located North of Bogota, Colombia.
Specifically, the Faculty of Geology, Geophysics and Environmental Protection, Department of Economic Geology from the University, referred to as AGH, will be involved in the study of Cesar’s mineralization. Max has sent surface rock samples from Cesar’s stratabound copper-silver mineralizations to AGH, from which the University will conduct mineralogical and geochemical studies.
Why is this significant? If you recall, Max’s Cesar project has many similarities to the Kupferschiefer mining project located in Poland, which is Europe’s largest producer of copper, and the world’s largest producer of silver. The structure is referred to as a sedimentary stratabound system, and is believed to have an average copper grade of 2% equivalent as per the USGS. AGH’s professors and teaching staff have a long history of cooperation with KGHM Polska Miedz, the owner of the mine on this deposit. As such, AGH will utilize this extensive knowledge on the study of Cesar.
AGH University has a distinguished history and deep understanding of sediment-hosted copper-silver deposits, which is largely a result of their work with Kupferschiefer. The Kupferschiefer project in Poland was established in 1968 as a world class producer of copper and silver, as well as gold, palladium, platinum and rhenium as by products of the mining process. It should be noted however that mineralization at this mine is not necessarily indicative of similar results at Cesar.
Max Resource Corp last traded at $0.075 on the TSX Venture.
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